ES Journal Archive (2011)

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Quote from piezoe:

I don't know what's wrong with me. I guess misspelling goes with being a simple country trader. It's Ervin, not Irwin. One of my personal heroes, not for his positions so much as his spunk and humor. I need to get a grip!

Sam Ervin was one of the most colorful senators in U.S. history. We could use more of that right now.
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He called himself a simple country lawyer - that's what he told everyone. he not only graduated from Harvard - he graduated with honors. He didn't get to be Chairman of the Senate Judiciary Committee by being just colorful. he was brilliant. Some of the younger people reading this, don't have a clue who Sam Erwin was. You dated yourself. And I guess I did too.
 
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Crazy A
 
I cant see out that far....but my biases are....

Daily Long
Hourly Short
15min Short


If it didnt look so weird and the market wasnt closed I would short here. I broke my "no trades when market closed rule yesterday" but this doesn't look as convincing
 
I do still believe this is just consolidation/bear flag --expecting more downside---otherwise I'll let the market stop me out at 1271 if I don't see an obvious upside reversal signal. :)
 
15 point AH range within the boundaries of yesterday`s range.

1200 is the obvious resistance zone both for the cash session and AH.

Looks like we might open with a small gap up. If higher, we may first fill the potential gap around 90 which is also the PP and 50% zone from yesterday. If we find support there, I might be interested in looking for a long.

Lots of different scenarios I can see from here. An open closer to the AH high might first lead us there and even to yesterday`s high right away.
 
AH high breached and now gunning for yesterday`s high. Prepared to enter a short here if momentum stalls and we find resistance.

NQ looks weaker. Gap fill already complete there.
 
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